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International Edition

Latham, Shepherd and Wedderburn lead on $9.6bn Indian oil buyout

Latham & Watkins and Shepherd and Wedderburn have lined up alongside two Indian law firms on the $9.6bn (£6.1bn) acquisition of a majority stake in oil company Cairn India by Vedanta Resources, India's largest mining company. Vedanta is looking to purchase between 51% and 60% of Cairn India, which is 62% owned by the Edinburgh-based FTSE 100 oil firm Cairn Energy.
2 minute read

International Edition

Mayer Brown adds partner duo to Asia offices

Mayer Brown JSM has bulked up its Beijing and Hong Kong offices with the hire of two partners from Winston & Strawn and Sidley Austin. Xiang Yang Ge joined Mayer Brown last month to head up the Beijing projects practice from Winston & Strawn's local office, where he was also office head. Prior to joining Winston & Strawn in 2009 he had spent 18 years at Baker & McKenzie.
2 minute read

International Edition

CC and Latham take lead on Italian bank's billion-dollar bond issue

Clifford Chance (CC) and Latham & Watkins have advised on Intesa Sanpaolo's $1bn (£642m) bond issue as the Italian bank gears up for a potential $15bn (£9.6bn) bond offering via a medium term note program. Latham advised Intesa with a team led by corporate partners Michael Immordino and Jeff Lawlis alongside corporate partner Antonio Coletti and tax partner Jiyeon Lee-Lim.
2 minute read

International Edition

Simpson Thacher and Sullivan head up firms on $4.7bn Blackstone LBO

A raft of US firms have taken roles on The Blackstone Group's $4.7bn (£3bn) acquisition of energy company Dynegy in one of the largest leveraged buyouts of 2010 so far, reports The Am Law Daily. Simpson Thacher & Bartlett is representing longstanding private equity client Blackstone on the deal, with corporate partner Wilson Neely and energy and infrastructure practice chair David Lieberman leading the firm's team.
2 minute read

International Edition

Weil cooks up lead role on Gordon Ramsay TV production company sale

Weil Gotshal & Manges has taken the lead role on All3Media's £40m acquisition of Optomen, the TV production company behind shows including The F Word, in a deal that will hand millions of pounds to celebrity chef Gordon Ramsay. The deal sees All3Media acquire Optomen and One Potato Two Potato, which was set up as a joint venture with Ramsay in 2008 and produces all of his hit TV series, including the US versions of Ramsay's Kitchen Nightmares and Hell's Kitchen.
2 minute read

International Edition

Hammonds nets lead role on Thai takeover of Leicester City FC

Hammonds has scored a role advising Leicester City Football Club on its takeover by Thai consortium Asia Football Investments. The deal saw Hammonds City-based corporate finance partner David Hull lead the firm's team advising owner and chairman Milan Mandaric and the Championship club's management on the deal. The Hammonds team also included London-based commercial partner Stephen Sampson, who heads the firm's sports group, and tax partner Patrick Ford.
2 minute read

International Edition

Herbert Smith ally Stibbe to launch in Luxembourg with local team hire

Herbert Smith alliance firm Stibbe is set to boost its Benelux coverage with the launch of an office in Luxembourg. The new office, which will open for business on 1 September, will be led by Loyens & Loeff's former Luxembourg head Dirk Leermakers, who has joined Stibbe from local firm Bonn Schmitt Steichen together with a team of three lawyers. The Luxembourg launch marks the sixth office for Stibbe, alongside its two principal bases in Amsterdam and Brussels and offices in London, New York and Dubai. Stibbe has been part of an alliance with UK top 10 firm Herbert Smith and Germany's Gleiss Lutz since 2002.
2 minute read

International Edition

Weil and Skadden head up latest billion-dollar AIG sell-off

Weil Gotshal & Manges and Skadden Arps Slate Meagher & Flom have taken the lead roles on AIG's sale of an 80% stake in its consumer finance lender, American General Finance (AGF), to the Fortress Investment Group, reports The Am Law Daily. The purchase price of the deal - which will allow AIG to offload between $17bn (£11bn) and $19bn (£12bn) worth of debt - has not been disclosed, but AGF has been previously valued at around $2bn (£1.3bn).
2 minute read

International Edition

Hammonds and Bakers brew up Chelsea FC beer sponsorship deal

Hammonds and Baker & McKenzie have landed roles on Chelsea Football Club's sponsorship deal with Singha Beer, making the Thai brand Chelsea's official beer.
1 minute read

International Edition

Magic circle firms lead on £1bn deal as private equity pickup continues

Freshfields Bruckhaus Deringer and Allen & Overy (A&O) have taken lead roles on CVC Capital Partners' €1.2bn (£999m) buyout of food and drink vending machine operator Autobar from Charterhouse. Freshfields corporate partners Chris Bown and Piers Prichard Jones led a team advising longstanding private equity client CVC on the acquisition, which is subject to regulatory clearance and is set to close in September.
2 minute read

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